1 definition
by
christine, www.fashionlines.com

A noun or an adjective describing low or middle class persons of European descent, who came to areas in the United States such as New York or Silicon Valley, made a pile of money, and then returned to Europe, loudly proclaiming America to be not a "classy" enough place in which to live.

French, Finnish, and Belgian high tech or internet executives who cashed in and pulled out before the bubble burst.